Archive for the ‘Silver’ Category

Of the Macedonian Alexander the Great

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A modern bronze statue of Alexander the Great on his famous horse Bucephalus, flanked by copies of round shields and the Macedonian infantry’s terrible Sarissa pike, stands under the cloudy sky of the northern port city of Thessaloniki, Greece, Oct, 8, 2014. Alexander the Great was one of history’s most successful military commanders, who by his death at age 33 had conquered an empire stretching from modern Greece to India. (AP Photo/Petros Giannakouris)

A funerary mask and other gold jewelry excavated in a rich ancient Macedonian cemetery is seen in the archeological museum of Pella, northern Greece, on Tuesday, Oct. 7, 2014. The city of Pella was the Macedonians’ later capital, where the ancient Greek warrior-king Alexander the Great was born in 356 B.C. Excavations in recent decades there have uncovered extensive building remains, a rich mosaic floor believed to depict Alexander during a lion hunt, and large cemeteries. (AP Photo/Petros Giannakouris)

A visitor looks at a display of bronze armor and gold funerary masks and jewelry excavated in rich ancient Macedonian cemeteries at Aigai and Pella, in the archeological museum of Pella, northern Greece, on Tuesday, Oct. 7, 2014. The city of Pella was the Macedonians’ later capital, where the ancient Greek warrior-king Alexander the Great was born in 356 B.C. Excavations in recent decades there have uncovered extensive building remains, a rich mosaic floor believed to depict Alexander during a lion hunt, and large cemeteries.(AP Photo/Petros Giannakouris)

A schoolteacher explains the myth of Persephone in front of a replica of a mid-4th century B.C. wall painting of Hades abducting Persephone, whose original was found in a looted royal tomb, at the Vergina museum in northern Greece, Oct. 7, 2014. A similar scene has been discovered on a mosaic floor in a newly-excavated Macedonian tomb in Amphipolis, which has revived interest in ancient Greece’s Macedonian dynasties. (AP Photo/Petros Giannakouris)

Ancient Macedonian silver coins inscribed in Greek “First of the Macedonians” and “Macedonians” are seen in a display case at the archeological museum of Pella, Greece, Oct. 7, 2014. The city of Pella was the Macedonians’ later capital, where the ancient Greek warrior-king Alexander the Great was born in 356 B.C. Excavations in recent decades there have uncovered extensive building remains, a rich mosaic floor believed to depict Alexander during a lion hunt, and large cemeteries. (AP Photo/Petros Giannakouris)

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    Of the European Gold Reserves

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    SS: what’s going on in the world of precious metals ?? well for one thing apparently the dutch central bank was able to do what the germans could not do and that is repatriate a large amount of gold from the usa. did that really happen ?? the dutch got 122 tons of gold repatriated from the usa ?? that sounds pretty amazing. how did they do that and the germans couldn’t ??

    SS: i do not know all the answers to the questions. for some reason i confused amsterdam with brussels (the guys who been buying all the federal reserve tbonds this year) and thought maybe they made a deal with the usa for buying tbonds. well one thing that is for sure is that the governments of countries consider gold to have a very high value and strong demand that they are repatriating it, buying it, and hoarding it in their countries.

    SS: notice what deutches bank says ?? “a yes vote wont raise price of gold” … that is what we are interested in this vote is the price of precious metals ?? i doubt it since it is common knowledge about the prices of precious metals .. there is some reason all these countries are suddenly interested in their gold reserves.. which maybe they probably should be.

    Will the US give the Dutch their gold back? Friday, 28 Nov 2014 “The question of why Germany can’t get its gold back is perhaps the biggest mystery in the financial world today,” he told CNBC via email. “I think the Netherlands (and some Swiss voters) are entirely correct in wanting to make sure that their gold is someplace where their own representatives can count it.” Switzerland is holding an important referendum on its gold holdings this weekend, with its citizens set to decide whether the Swiss National Bank (SNB) should refrain from selling any more of its gold and instead boost its gold holdings from 7 to 20 percent.

    Dutch move 122 tons of gold out of US  Friday Nov 21, 2014 AMSTERDAM (AP) ” The Dutch Central Bank says it has recently shipped 122.5 tons of gold worth around 4 billion euros ($5 billion) from safekeeping in New York back to its headquarters in Amsterdam. In a statement Friday morning the bank said that its 612.5-ton national gold reserve is now divided 31 percent in Amsterdam, 31 percent in New York, 20 percent in Ottawa, Canada and 18 percent in London.

    ‘Yes’ vote in Swiss referendum not certain to lift gold prices-Deutsche Bank Mon Nov 17 (Reuters) – A vote in favour of boosting Switzerland’s gold holdings at a Nov. 30 referendum won’t necessarily lift bullion prices, Deutsche Bank said in a note, adding there was a “considerable” chance the motion would pass. The Swiss National Bank could spread out its gold buying, take transactions off market, or use derivatives to cushion gold prices from the impact of a ‘yes’ vote, Deutsche said. The “Save our Swiss gold” proposal, spearheaded by the right-wing Swiss People’s Party (SVP), would force the SNB to hold at least 20 percent of its assets in gold, make it repatriate gold held overseas and commit never to sell bullion.

    Why Putin Is Buying So Much Gold Russian President Vladimir Putin is developing a taste for gold. William Rhind, CEO of the World Gold Trust Services said, with all of its income from selling oil, Russia is diversifying its reserves by buying massive amounts of gold. Of all the central banks that make their reserve actions public, Russia has been the “largest, most active” gold accumulator, he explained. Still, Rhind said, the “elephant in the room” is how much gold China is buying, as Beijing does not publish these figures.

    Germany Still Wants Gold Back – Repatriation Campaign Continues June 24, 2014 – More than 18 months ago, on January 16, 2013 Germany’s central bank, the Bundesbank, announced that it will repatriate to Germany all 374 tonnes it had stored with the Banque de France in Paris, as well as 300 tonnes held in Manhattan by the New York Federal Reserve, by 2020.Despite a lag of 18 months, the Bundesbank, as the Federal Bank of Germany is often called, has only managed to bring home a tiny 37 tonnes of gold. A paltry 5 tonnes of that came from the U.S., the rest from Paris. The US Fed holds 45% or roughly $635 billion of the total 3,396 tonnes of gold Germany have in reserve, the world’s second largest gold reserves.This has prompted, not surprisingly, renewed questions whether Germany’s gold still exists in those Manhattan vaults or if it has been melted down, leased or even sold.

    Twenty Swiss francs gold coins, known as Vrenelis, are pictured at Jolliet numismatic shop in Geneva November 19, 2014. Support among Swiss voters for a referendum proposal that would force a huge increase in the central bank’s gold reserves has slipped to 38 percent percent, an opinion poll showed on Wednesday, falling short of the majority backing it needs to become law. Under the “Save our Swiss gold” proposal, the Swiss National Bank (SNB) would be banned from selling any of its gold reserves and would have hold at least 20 percent of its assets in the metal, compared with 7.8 percent last month. REUTERS/Denis Balibouse (SWITZERLAND – Tags: POLITICS BUSINESS)

    Gold bars from the vault of a bank are seen in this illustration picture taken in Zurich November 20, 2014. The “Save our Swiss gold” proposal, spearheaded by the right-wing Swiss People’s Party (SVP), aims to ban the central bank from offloading its reserves and oblige it to hold at least 20 percent of its assets in gold. The referendum is scheduled for November 30. The SVP argues it would secure a stable Swiss franc. REUTERS/Arnd Wiegmann (SWITZERLAND – Tags: BUSINESS)

    Gold bars from the vault of a bank and Swiss one franc coins are seen in this illustration picture taken in Zurich November 20, 2014. The “Save our Swiss gold” proposal, spearheaded by the right-wing Swiss People’s Party (SVP), aims to ban the central bank from offloading its reserves and oblige it to hold at least 20 percent of its assets in gold. The referendum is scheduled for November 30. The SVP argues it would secure a stable Swiss franc. REUTERS/Arnd Wiegmann (SWITZERLAND – Tags: BUSINESS)

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      Of the Eisenhower Silver Dollar

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      SS: just speculation: if the dollar were to collapse or be abandoned then maybe there is a bank holiday and maybe they rollout the new currency. all money in banks and iras and all that takes a percentage hit in value during the conversion from dollars into the new currency .. maybe the dollar has lost a lot of value and is converted at maybe only 25% of it’s value, that means people lost 75% of their wealth due to dollar collapse and bank holiday bail-in conversions. i just say this so that maybe some of my friends who might read this dont get caught by surprise and be completely wiped out in whatever it is going on.

      SS:  since we know where the wrong turn happened when the federal reserve made the change to trusting in god to print money and interest to infinity then maybe we should take the opportunity to revert back to ways that was working just fine. opportunity to remodel some things that don’t work too like slavery.. interest to infinity debt slavery.. BSG All Along the Watchtower the psylons use their mono-theism to control the human slaves.. the caprican humans consider the psylon god an immoral dictator.. obviously interest to infinity debt slavery is immoral and dictatorial .

      E pluribus unum (/ˈiː ˈplʊərɨbəs ˈuːnəm/; Latin: [ˈeː ˈpluːrɪbʊs ˈuːnũː])—Latin for “Out of many, one”[1][2] (alternatively translated as “One out of many”[3] or “One from many”)[4]—is a phrase on the Seal of the United States, along with Annuit cœptis (Latin for “He approves (has approved) of the undertaking”) and Novus ordo seclorum, (Latin for “New Order of the Ages”) and adopted by an Act of Congress in 1782.[2] Never codified by law, E pluribus unum was considered a de facto motto of the United States[citation needed] until 1956 when the United States Congress passed an act (H. J. Resolution 396), adopting “In God We Trust” as the official motto.[5]

      The dollar’s 70-year dominance is coming to an end 19 Jul 2014 Something just took place, though, which illustrates that dollar reserve currency status won’t last forever and could be seriously diluted. Last week, seven decades on from Bretton Woods, the governments of Brazil, Russia, India and China led a conference in the Brazilian city of Fortaleza to mark the establishment of a new development bank that, whatever diplomatic niceties are put on it, is intent on competing with the IMF and World Bank.

      It’s long been obvious the BRICs are coming. The total annual output of these four economies has spiralled in recent years, to an astonishing $29.6  trillion (£17.3 trillion) last year on a PPP-basis adjusted for living costs. That’s within spitting distance of the $34.2 trillion generated by the US and European Union combined.

      This coin may appear to be an Eisenhower silver dollar, but it is really a concealment device. (Courtesy of the CIA)

      A rat corpse used to pass messages between a CIA officer and a local agent. (Andrew Rothschild for Yahoo News)

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        Of the Putin Crimea Silver Coin

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        SS: this is part two of my gold and silver update.. russia is celebrating their annexation of the crimea. of course they would because it is a HUGE strategic victory for them. the crimea is russia’s black sea port. without it their access to the black sea and the Mediterranean is crippled.

        SS: russia has announced that they no longer accept usd reserve currency to pay for their gas and oil resources, or their military hardware. they have announced that they will only accept their own currency the ruble for these things… and they have announced they are backing their ruble with their gold reserves. this was their response to the US and EU sanctions.

        SS: why is this a big deal ?? because the EU used to have to print more of their money to buy usd reserve currency to buy russian gas and oil. now they must buy russian rubles to buy gas and oil from russia.  countries that buy russian weapons hardware like india will now have to buy rubles instead of usd reserve currency to purchase russian weapons hardware.

        SS: if the other countries in the BRICS and SCO start to stop using the usd reserve currency this could have dramatic effects on the dollar. the life support of having countries like Belgium buy us treasury bonds might not be enough to keep the demand of the us dollar alive. it is rumored that china is making deals with other countries to settle their trades in their own currency the yuan. we are just now in the start of all this so we will have to see how this all plays out.

        Sanctions-hit Bank Rossiya shifts to rouble-only operations An action in support of bank Rossiya to take place in Moscow  March 30, 6:15 MOSCOW, March 30. /ITAR-TASS/. An action in support of bank Rossiya which has decided to work exclusively with the national currency will take place in Moscow on Sunday. The Golden Symbol of Russian Rouble installation in front of the bank’s office in Perevedensky pereulok in Moscow will symbolize the rouble’s stability and its backing by the country’s gold reserves, the action’s organizers explained to Itar-Tass. The action is designed to voice support for the Rossiya bank, which is creating a precedent and can make those who have initiated penalties against Russia to feel sorry about their decision.

        An employee of the “Oruzheinik” (Gunmaker) factory holds up a commemorative coin from the series “The Gatherer of Russian Lands”, which was minted to mark the recent accession of Crimea into the Russian Federation, in Zlatoust in the Chelyabinsk region, May 6, 2014. The bas-relief of Russian President Vladimir Putin and the map of Crimea cover the sides of the surface of the silver coin, which has a prime cost of about 10,000 roubles (about $2800). The coin is 12cm (4.72 inches) in diameter and weighs 1kg (2.2 pounds), according to the official website of the factory. The first item of the limited edition, which will include 25 coins, will be presented to Putin, according to local media. Picture taken May 6, 2014. REUTERS/Andrei Romanov (RUSSIA – Tags: BUSINESS COMMODITIES POLITICS)

        An employee of the “Oruzheinik” (Gunmaker) factory shows the back of a commemorative coin from the series “The Gatherer of Russian Lands”, which was minted to mark the recent accession of Crimea into the Russian Federation, in Zlatoust in the Chelyabinsk region, May 6, 2014. The bas-relief of Russian President Vladimir Putin and the map of Crimea cover the sides of the surface of the silver coin, which has a prime cost of about 10,000 roubles (about $2800). The coin is 12cm (4.72 inches) in diameter and weighs 1kg (2.2 pounds), according to the official website of the factory. The first item of the limited edition, which will include 25 coins, will be presented to Putin, according to local media. Picture taken May 6, 2014. REUTERS/Andrei Romanov (RUSSIA – Tags: BUSINESS COMMODITIES POLITICS)

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          Of the ‘E Pluribus Unum’ Gold Coin

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          SS: these two coins are pre “in god we trust” coins .. these are “from the many are one” coins .. that was the original motto of the united states. it was in 1956 that this was changed . this of course was after the fed took over and started making our money worth less. i like the original motto because i am not a believer in the one god theory .. i believe in the multiple gods theory (egyptian, mayan, hindu) and in evolution in which a person can become more than what they are. “from the many are one” i think is regarding the beehive (really probably about the many states being one) . i think the cataclysm on mars proves my theory is more right. another life form will have it’s own source.

          SS: eventually our race might evolve through science and technology and realize that the martian life form had a separate source than ours and that while we live life we evolve and when we die we return to our source. well some do and some dont make it. and from the source we will live again tonight or in the case of a “TIME ZONE” ending will live again tomorrow night in the next “TIME ZONE” and world. i say world as distinct from a planet because a world to me is an animate with living beings. and when all life dies on a planet during a mantanvara ending then the planet is still here and will be here during the next manvantara just like mars is still here.

          SS: anyways that brings us to today and why is gold and silver hammered down ?? well i am going to tell you why. because the usa is facing a complete collapse soon and there are some people loading up the truck with gold and silver. that is because gold and silver is real money while the dollar is debt. i say a complete collapse because i no longer believe that we are facing just an economic collapse anymore due to our countries inability to respond to the ongoing mega-catastrophies of fukushima meltdown and the louisana sinkhole. our country at this moment is just not powerful enough to handle these catastrophes so they are ignored in hopes they will go away by themselves. that of course is another failed strategy.

          SS: the big banks are setting up for bail-ins. i am not even sure why they would waste their time to bail-in on something that really isn’t going to be worth anything soon. they did a big taper of 10 billion dollars from the 85 billion the fed was buying all the junk debt from the banks and the banks would spend these profits on stocks and i assume some smart ones bought gold and silver too. when they did the taper they had a key interest rate go up that controls how much we are paying on our debt.. i am not an economist but i can figure some this stuff out. if they cannot stop printing money then i think its pretty much game over for the economic recovery.

          SS: the lying about the economy and how we are recovering isnt going to be a successful strategy imo and i have been acting accordingly .. like the unemployment rate. we are not dumb we know that people can only collect unemployment for six months and that their are a ton more unemployed than they try to make us believe. and now we have a new tax with obamacare. that is more money that is removed from the economy. people are paying more for their insurance, some as much as $6k a year more.  i think bernanke got out because he knows whats up and whats going down. while yellen is the fall guy . i think it is a matter of what president will handle the collapse.

          SS: that just what i think about “the recovery” and the silver and gold smash phenomena to persuade people out of gold and silver until it’s too late when they wake up and the collapse is happening, bail-ins is happening, and gold and silver move upwards quickly leaving most unable to buy and physical unable to be found anywhere due to the shortages. there is a shortage, recently britian ran out of gold coins, the us mint keeps rationing, perth mint finally running low, and canada i think they have been low and rationing too. we all know britian’s vaults are full of tungsten and i hear the comex is running out of gold too. we are unable to pay the germans back their gold. it sounds like to me that china has a lot of the gold.

          E pluribus unum (/ˈiː ˈplʊərɨbəs ˈuːnəm/; Latin: [ˈeː ˈpluːrɪbʊs ˈuːnũː])—Latin for “Out of many, one”[1][2] (alternatively translated as “One out of many”[3] or “One from many”)[4]—is a phrase on the Seal of the United States, along with Annuit cœptis (Latin for “He approves (has approved) of the undertaking”) and Novus ordo seclorum, (Latin for “New Order of the Ages”) and adopted by an Act of Congress in 1782.[2] Never codified by law, E pluribus unum was considered a de facto motto of the United States[citation needed] until 1956 when the United States Congress passed an act (H. J. Resolution 396), adopting “In God We Trust” as the official motto.[5]

          A 1787 Brasher Gold Doubloon shown in this photo brings $4.58 million and 1913 Liberty Nickel, “The Hawaii Five-O Specimen” brings $3.29 million on Thursday, Jan. 9, 2014 at Heritage Auctions in Orlando, Fla. The two famous rare coins bring a combined $7.87+ million which is considered to be a record breaker (Heritage Auctions)

          A 1787 Brasher Gold Doubloon brings $4.58 million and 1913 Liberty Nickel, “The Hawaii Five-O Specimen” shown in this photo, brings $3.29 million on Thursday, Jan. 9, 2014 at Heritage Auctions in Orlando, Fla. The two famous rare coins bring a combined $7.87+ million which is considered to be a record breaker (Heritage Auctions)

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            Of the Secretly Minted Silver Coins

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            A 1913 Liberty Head nickel was hidden in a Virginia closet for 41 years after its owners were mistakenly told it was a fake. It was thought to fetch up to $2.5 million but sold for $3.17 million. The nickel is one of only five known and was auctioned in Schaumburg, Ill., on April 25, 2013. Four siblings inherited it from their mother, the sister of a coin collector named George Walton. (Heritage Auctions/AP Photo)

            This Class III 1804 Silver Dollar is alleged to have been clandestinely made by Mint officials between 1858 to 1860 as seen here at the National Money Show held by American Numismatic Association in the New Orleans Convention Center in New Orleans, La., Thursday, May 9, 2013. A Class I version that was minted in 1834 and presented to the King of Siam sold at auction in 2005 for $8.5 million. (AP Photo/Matthew Hinton)

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              Of the KGHM Silver Bars

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              SS: i heard this rumor last week that the sudden decline in precious metals was a correction. problem with that theory is all the banks are buying precious metals right now. when the price of metals declined all these people holding paper metal had to come up with more money to maintain their gold silver paper positions or they forced to sell. and there was the banks covering their paper shorts .. and i think they were buying a bunch of physical gold and silver too .. well since precious metals is a finite resource then that is probably a pretty good to buy just in case the paper game gets played out to whatever happens.

              SS: most the people selling paper aren’t really even in the precious metals. they is just a paper game for them. so..imo.. it doesnt matter if they sell their paper and they will all be in the stock market if when everything implodes or whatever happens .. if gold and silver is a currency then i think bail-ins is a form of tax and losing money in a paper game is gambling. i have thought a lot about the bail-ins and i think it is a form of slavery . and maybe a form of warfare. maybe depending on who is doing the bail-ins.

              SS: changing a currency is something totally different than bail-ins. i think the bail-ins have changed everything. the world is different than it was before the bail-ins. cyprus got hit by the equivalent of a nuke bomb and the effects from it might have still not fully manifested itself yet . when i go to the bank i like to ask the tellers if they know when the bail-ins are coming .

              Unrefined pieces of silver are stacked at the KGHM Copper and Precious Metals smelter and processing plant in Glogow May 10, 2013. Silver prices swung wildly in the wake of extreme losses seen from its golden cousin in April, but while investors fled bullion-backed funds in droves, the white metal’s holdings are remarkably robust. REUTERS/Peter Andrews (POLAND – Tags: BUSINESS COMMODITIES)

              Unrefined pieces of silver are stacked at the KGHM copper and precious metals smelter processing plant in Glogow May 10, 2013. Silver prices swung wildly in the wake of extreme losses seen in gold last month, but while investors fled bullion-backed funds in droves, holdings in the less glamorous precious metal are remarkably robust, for now. REUTERS/Peter Andrews (POLAND – Tags: BUSINESS COMMODITIES INDUSTRIAL)

              Melted silver is poured into molds at the KGHM Copper and Precious Metals smelter and processing plant in Glogow May 10, 2013. Silver prices swung wildly in the wake of extreme losses seen from its golden cousin in April, but while investors fled bullion-backed funds in droves, the white metal’s holdings are remarkably robust. REUTERS/Peter Andrews (POLAND – Tags: BUSINESS COMMODITIES)

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              A worker pours molten silver into moulds at the KGHM copper and precious metals smelter processing plant in Glogow May 10, 2013. Silver prices swung wildly in the wake of extreme losses seen in gold last month, but while investors fled bullion-backed funds in droves, holdings in the less glamorous precious metal are remarkably robust, for now. REUTERS/Peter Andrews (POLAND – Tags: BUSINESS INDUSTRIAL COMMODITIES)

              Workers pour molten silver into moulds at the KGHM copper and precious metals smelter processing plant in Glogow May 10, 2013. Silver prices swung wildly in the wake of extreme losses seen in gold last month, but while investors fled bullion-backed funds in droves, holdings in the less glamorous precious metal are remarkably robust, for now. REUTERS/Peter Andrews (POLAND – Tags: BUSINESS INDUSTRIAL COMMODITIES)

              A worker removes a freshly made silver bar from a mold at the KGHM Copper and Precious Metals smelter and processing plant in Glogow May 10, 2013. Silver prices swung wildly in the wake of extreme losses seen from its golden cousin in April, but while investors fled bullion-backed funds in droves, the white metal’s holdings are remarkably robust. REUTERS/Peter Andrews (POLAND – Tags: BUSINESS COMMODITIES TPX IMAGES OF THE DAY)

              A worker removes a freshly made bar of silver from a mould at the KGHM copper and precious metals smelter processing plant in Glogow May 10, 2013. Silver prices swung wildly in the wake of extreme losses seen in gold last month, but while investors fled bullion-backed funds in droves, holdings in the less glamorous precious metal are remarkably robust, for now. REUTERS/Peter Andrews (POLAND – Tags: BUSINESS INDUSTRIAL COMMODITIES)

              A freshly produced silver bar is moved by a worker at the KGHM Copper and Precious Metals smelter and processing plant in Glogow May 10, 2013. Silver prices swung wildly in the wake of extreme losses seen from its golden cousin in April, but while investors fled bullion-backed funds in droves, the white metal’s holdings are remarkably robust. REUTERS/Peter Andrews (POLAND – Tags: BUSINESS COMMODITIES)

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              A worker carries a silver bar at the KGHM Copper and Precious Metals smelter and processing plant in Glogow May 10, 2013. Silver prices swung wildly in the wake of extreme losses seen from its golden cousin in April, but while investors fled bullion-backed funds in droves, the white metal’s holdings are remarkably robust. REUTERS/Peter Andrews (POLAND – Tags: BUSINESS COMMODITIES)

              A silver bar is pictured at the KGHM copper and precious metals smelter processing plant in Glogow May 10, 2013. Silver prices swung wildly in the wake of extreme losses seen in gold last month, but while investors fled bullion-backed funds in droves, holdings in the less glamorous precious metal are remarkably robust, for now. REUTERS/Peter Andrews (POLAND – Tags: BUSINESS INDUSTRIAL COMMODITIES)

              Freshly smelted silver bars are displayed before being placed on wooden pallets at KGHM Copper and Precious Metals smelter and processing plant in Glogow May 10, 2013. Silver prices swung wildly in the wake of extreme losses seen from its golden cousin in April, but while investors fled bullion-backed funds in droves, the white metal’s holdings are remarkably robust. REUTERS/Peter Andrews (POLAND – Tags: BUSINESS COMMODITIES)

              Silver bars are placed on wooden pallets at KGHM Copper and Precious Metals smelter and processing plant in Glogow May 10, 2013. Silver prices swung wildly in the wake of extreme losses seen from its golden cousin in April, but while investors fled bullion-backed funds in droves, the white metal’s holdings are remarkably robust. REUTERS/Peter Andrews (POLAND – Tags: BUSINESS COMMODITIES)

              Bars of silver are placed on wooden pallets at the KGHM copper and precious metals smelter processing plant in Glogow May 10, 2013. Silver prices swung wildly in the wake of extreme losses seen in gold last month, but while investors fled bullion-backed funds in droves, holdings in the less glamorous precious metal are remarkably robust, for now. REUTERS/Peter Andrews (POLAND – Tags: BUSINESS COMMODITIES INDUSTRIAL)

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                Of the Austrian Oegussa Gold Granules

                SS: when buying gold must be sure buying the real gold by having it tested and documented on paperwork because do not buy a bunch of fakelands tungsten filled bars. testing should be done by drilling random holes into the bars of gold. if the gold bar comes wrapped up in some plastic then i think open the plastic and test the bar. i am not sure if it is safe to buy gold coins or not. maybe if you buy in person from a reputable dealer. could always buy a coin and test it and then buy more .

                Gold bars are pictured at the Austrian Gold and Silver Separating Plant ‘Oegussa’ in Vienna April 16, 2013. Gold rebounded more than 1.5 percent after falling to two-year lows and oil cut losses following another sell-off on Tuesday, although shares dropped for a third day as worries over the health of the global economy prevailed. REUTERS/Heinz-Peter Bader (AUSTRIA – Tags: BUSINESS COMMODITIES)

                Gold granules are pictured at the Austrian Gold and Silver Separating Plant ‘Oegussa’ in Vienna April 16, 2013. Gold rebounded more than 1.5 percent after falling to two-year lows and oil cut losses following another sell-off on Tuesday, although shares dropped for a third day as worries over the health of the global economy prevailed. REUTERS/Heinz-Peter Bader (AUSTRIA – Tags: BUSINESS COMMODITIES)

                Gold granules are poured into a glowing melting pot at the Austrian Gold and Silver Separating Plant ‘Oegussa’ in Vienna April 16, 2013. Gold rebounded more than 1.5 percent after falling to two-year lows and oil cut losses following another sell-off on Tuesday, although shares dropped for a third day as worries over the health of the global economy prevailed. REUTERS/Heinz-Peter Bader (AUSTRIA – Tags: BUSINESS COMMODITIES)

                  Of the Kennecott Bingham Canyon Landslide

                  SS: all of a sudden last week the usa’s biggest copper silver gold mine had a landslide. they saying it will be maybe two years before they can clear it. no one has ever seen anything like this before at the mine and no one really knows how such a large landslide happened like that. from the rumors i been hearing it produces large amounts of copper, silver and gold. the precious metals did not vanish they are still there they just wont be produced for awhile..

                  SS: which this is not really a bad thing since precious metals are finite resource so once the mine is depleted it will not produce anymore. that is why it will be ok if the mine doesn’t produce for awhile because we can buy gold and silver from other countries mines with the money we print. that seems like is pretty much the same thing as getting it for free. well if we could go into the future and look back after cyrpus debt bank confiscations we might think we was getting this stuff for free.

                  Kennecott officials: Most of pit’s bottom buried April 12th, 2013 BINGHAM CANYON — Garner called the volume of the slide shocking.”We expected it to come down to the bottom and stop there, and not come clear through the entire bottom,” he said. Kennecott officials think it might take as long a two years to dig out, Garner said. “All of that is waste materials,” he said. “It’s not ore.”

                  Bennett said any estimates about the size of the slide or a timelines for cleanup are speculation and unconfirmed. Slides are just a condition of the mine, Garner said. “We’re always looking for trickling of rocks. There’s constantly little slips falling. It’s just a common thing that happens. But this is a huge, probably the largest of anything that’s happened in the mine,” he said.

                    Of the Arizona Gold and Silver Currency

                    SS: arizona has passed a law that businesses can now accept privately minted gold and silver as currency. the part i been thinking about is the “privately minted” what that means. the coins called silver rounds are minted in a private mints they are not minted by the US Mint. silver eagles and junk silver minted by the US Mint. now we have the difference figured out between coins. i do not believe that coins minted by government mints in other countries like canada and mexico are private. one time i had someone try sell me canadian maples i told them i dont buy coins with queen elizabeth on them lol.

                    SS: what i been personally thinking about this is that states like arizona are preparing for the big us dollar collapse. i dont know if that will happen or not but if it did arizona and other states passing these laws will already have a system and infrastructure in place for using gold and silver and maybe other precious metals as currency. i think us dollar might be debt and soon they might decide to collect some of the debt cyprus style. well if you had some funny money that you knew was gonna be worthless soon what should do with it while it was still good ??

                    SS: when we look at what the democrat said then we have to look at our current situation too in which we are trillions in debt and soon we will no longer talk in trillions but instead will be talking quadrillions in debt. we just had debt confiscations of people bank accounts in cyprus and that could happen in the usa says Chairman of the Board of Governors of the Federal Reserve if it becomes contagious. therefore relying upon a dollar that is so vulnerable is not a good strategy at all. and i think a person keeping all their money in a “bank deposit” is not that great of a strategy either.

                    Arizona House backs gold, silver as currency Apr 04, 2013 PHOENIX (AP) – The Arizona House has given initial approval to legislation that would make privately minted gold and silver coins legal tender, no different under state law than the U.S$. printed by the federal Department of Treasury.

                    Arizona gold bill moving forward  April 8, 2013 PHOENIX — A bill that would make gold and silver legal tender in Arizona has passed both the Arizona Senate and the Arizona House of Representatives.”All this bill does right now is put into place the language to recognize gold and silver coin as legal tender,” said Sen. Chester Crandell, the Heber Republican who authored the bill. Crandell said the bill would remove the commodities tax currently in place for gold and silver.

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